Homes Selling Fast

October 5, 1986|By Tom Pinnock of The Sentinel Staff

ALL BUT three homes in phase l of Richmond American Homes' newest Lake Mary community have sold in just five months. The first phase at The Reserve opened in March, and 65 of the 68 homes are sold, said Bob MacCormick, vice president of sales for Richmond American Homes. The $70,000 to $90,000 houses seem to be appealing to both first-time home buyers and young professionals who are ''moving up to something better,'' MacCormick said. Richmond American Homes is a wholly owned subsidiary of MDC Holdings, Inc., one of the nation's largest housing and mortgage banking companies. MDC is based in Denver.